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Cosimo Lupo

Cosimo Lupo

Joined: 7/10/2023

  • RE: Inheritance on gift from abroad

    Mon, 10 Jul 2023 11:16:50 GMT – Inheritance on gift from abroad
    IHTM27212 from Inheritance Tax Manual (https://www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm27212) says: > Unsettled property that is situated (IHTM27071) abroad at the time it is transferred is excluded property if the beneficial owner (IHTM04031) is also domiciled (IHTM13000) outside the UK at that time. I suppose this should also be relevant for a money gift from parents, if both the money and the parents are domiciled abroad at the time of the transfer?